Investing.com - Dolby Labs reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Dolby Labs announced earnings per share of $0.54 on revenue of $278.2M. Analysts polled by Investing.com anticipated EPS of $0.45 on revenue of $306.26M.
Dolby Labs shares are down 26.55% from the beginning of the year and are trading at $69.75 , down-from-52-week-high.
Dolby Labs shares lost 0.27% in after-hours trade the report.
Dolby Labs follows other major Information Technology sector earnings this month
Dolby Labs's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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